Bottomline PTX
Make and collect payments using Bacs, Faster Payments, Direct Debit and Open Banking. Manage cash flow, invoices, remittances and protect your business from fraud.
Saving time and reducing costs
As Europe’s largest arts centre, it is vital that Southbank is equipped for their multiple and differing customer streams. From letting out unit spaces, invoicing artistic creditors and renting out artwork to offices and hospitals; Southbank requires a flexible, transparent and efficient system to manage their accounts receivable communications.
Prior to using PTX Connect, from an existing Bottomline solution, Southbank felt their current accounting package was lacking the document processing capabilities they needed. Its functionality was paper based and relied on manual printing and mail fulfilment which meant their invoicing was an expensive and time consuming process. Accounts Receivable Assistant, Steven Bishop, and Receivables and Cash Manager, Laura Scott, recalls spending ‘longer than 10 minutes’ to raise and send one invoice.
By choosing to use Bottomline’s PTX Connect to simplify this process Southbank have been able to:
- Reduce the invoicing process time by 80%
- Save two days a month reducing day sales outstanding
- Improve visibility and control over financial documents
Download this case study to see how, since implementing PTX Connect, Southbank can now track when their financial documents have been received and opened allowing them to have complete visibility over the process.
With PTX Connect it’s easy; you know where you are in the process. You’re selecting the document, uploading and sending it - it’s done in 1 to 2 minutes.
